Spot Light
Latest Podcast
Latest Press Release
Enrich Money ke CEO, Ponmudi R, ne kaha ki agar diplomatic talks mein ... Latest News · SEBI Ka Naya Rule Alert: ₹20,000 Cr Wale India ke Indices Ko Ab


Silver Jumps Rs 3000, Gold Inches Over Rs 1.53 Lakh
LATEST NEWSINDIAWORLDENTERTAINMENTLIFESTYLEBUSINESSEDUCATIONCRICKET ... Ponmudi R, CEO of Enrich Money. Also Read: Stock Market Falls In Early Trade
TThe Daily Jagran
May 8, 2026 at 10:30 AM


Stock markets slump in early trade amid fresh tensions in West Asia
The latest exchange of fire between the US and Iran near the Strait of Hormuz has further heightened uncertainty,” Ponmudi R, CEO of Enrich Money, an online
TThe Sen Times
May 8, 2026 at 10:21 AM
Indian Markets Fall as FII Outflows, HDFC Bank Drag Stocks
Ponmudi R, CEO of Enrich Money. The Indian Rupee held steady against the ... Latest News · India SC: Doctors' Estates Liable for Negligence, Insurers
WWhalesbook
May 8, 2026 at 01:49 PM
ભારતીય શેરબજારમાં મોટો ઘટાડો: FII ના વેચાણ અને ભૌગોલિક તણાવ
Enrich Money ના CEO, Ponmudi R મુજબ, 'નજીકના ગાળામાં ... Latest News · ભારતમાં બેંકોનો નવો દાવ: CIBIL સ્કોર
WWhalesbook
May 8, 2026 at 01:49 PM


Nifty slips to 24,160, HDFC Bank and Coal India lead losses as oil
Ponmudi R, CEO of Enrich Money. The rupee was holding above ₹94.40 against the dollar, with the USD/INR pair trading in the ₹94.40–₹94.60 range
BBusinessLine
May 8, 2026 at 01:27 PM


Rising crude prices among key factors behind market decline
Ponmudi R, CEO of Enrich Money, said. “The latest exchange of fire between the US and Iran near the Strait of Hormuz has further heightened uncertainty,” he
TTradingView
May 8, 2026 at 09:35 AM
Indische Aktien geben nach Ölpreissprung nach: US-Iran-Angriffe
Ponmudi R, CEO von Enrich Money. Britannia Industries fiel um 4,5 %, da mehrere Brokerhäuser eine Abschwächung des Umsatzes als besorgniserregend einstuften
MMarketScreener Deutschland
May 8, 2026 at 10:27 AM


D-Street Opens Lower: Sensex Declines 500 Points, Nifty Below
Ponmudi R, CEO of Enrich Money, a Sebi-registered online trading and wealth ... Latest News · India · Movies · World · Politics · Viral · Auto · Tech · Videos
NNews18
May 8, 2026 at 09:35 AM


Nifty slips below 24200 as US-Iran tensions push oil above $101
Ponmudi R, CEO of Enrich Money. “Any meaningful progress in diplomatic negotiations or a further easing in oil prices could trigger a relief rally, while
BBusinessLine
May 8, 2026 at 09:39 AM
Today Forecast
Pre-Market Outlook
2026-05-0807:30 AM
Indian equity markets are expected to remain cautious and highly sensitive to news flow, as escalating geopolitical tensions in the Middle East continue to weigh heavily on investor sentiment despite periodic relief rallies. The latest exchange of fire between the U.S. and Iran near the Strait of Hormuz has further heightened uncertainty, even as Donald Trump called on Tehran to accept the U.S. proposal and reiterated that Washington does “not seek escalation”. The contrast between military confrontation and diplomatic messaging has kept investors on edge, curbing risk appetite and reinforcing a defensive undertone across global financial markets.
Crude oil prices, after cooling sharply toward the $90 level earlier, have once again moved higher and are currently trading in the $95–99 per barrel range, reflecting persistent concerns around supply disruptions and geopolitical instability. Elevated oil prices continue to remain a key macro concern for emerging markets, including India.
On the institutional flows front, foreign institutional investor (FII) selling pressure has persisted in recent sessions, while steady domestic institutional investor (DII) buying continues to lend support to local equities, helping cushion the broader market from sharper declines.
Overall, the ongoing U.S.–Iran conflict remains a significant overhang for global markets, fuelling headline-driven volatility and keeping investor sentiment fragile. Any meaningful progress in diplomatic negotiations or a further easing in oil prices could trigger a relief rally, while any escalation in geopolitical tensions may amplify downside risks and reinforce the prevailing risk-off sentiment.
Technical view
Nifty 50
Nifty 50 is currently trading in the 24,300–24,350 zone, reflecting a cautiously positive yet range-bound market structure. Technically, the index continues to hold above the key 24,100–24,000 support zone, which remains critical for sustaining the near-term positive undertone. On the upside, the 24,400–24,500 range continues to act as an immediate resistance band. A sustained breakout above this zone could strengthen momentum further and open the path toward the 24,600–24,800 levels. Momentum indicators are showing gradual improvement, although the RSI near 53 continues to remain neutral, indicating the absence of strong directional momentum. Additionally, follow-through buying at higher levels remains limited. Overall, a sustained buying above resistance levels will be essential for stronger directional clarity and continuation of upward momentum.
Bank Nifty
Bank Nifty is currently trading around the 56,000–56,100 zone, continuing to consolidate following the recent recovery phase. From a technical perspective, the 56,300–56,400 zone remains an important near-term resistance area, and a sustained move above this band could strengthen momentum toward the broader hurdle near the 56,800–57,000 levels. On the downside, the 55,400–55,200 range continues to act as immediate support, and maintaining above this region will be important to preserve the ongoing recovery structure. Momentum indicators remain largely neutral, suggesting the absence of strong directional conviction at current levels. Overall, the broader setup remains mildly constructive with a cautious bias, while stronger momentum is likely to emerge only after a decisive breakout above the immediate resistance zone.
Ponmudi R, CEO of Enrich Money
Today Nifty Outlook
NIFTY50
Today Bank Nifty Outlook
BANK NIFTY

Upcoming Webinars
View All

The 7 Secrets Profitable Option Traders Use Every Week
Free
Tamil
09 May 202610:00AM

ORCA Demo
Free
Telugu
09 May 202611:00AM

Orca Demo class
Free
Kannada
09 May 202612:00PM

Market Cycles: (Up, Down & Sideways )Smart Investing Opportunities എങ്ങനെ കണ്ടെത്താം ?
Free
Malayalam
09 May 20265:00PM
Send all media enquiries to
digitalmarketing@enrichmoney.in
